Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Lithia Motors Inc before investing.

In this article, we go over a few key elements for understanding Lithia Motors Inc’s stock price such as:

• Lithia Motors Inc’s current stock price and volume
• Why Lithia Motors Inc’s stock price changed recently
• Upgrades and downgrades for LAD from analysts
• LAD’s stock price momentum as measured by its relative strength

About Lithia Motors Inc (LAD)

Before we jump into Lithia Motors Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Lithia Motors, Inc. is a global automotive retailer. The Company is engaged in providing an array of products and services throughout the vehicle ownership lifecycle. The Company offers convenient experiences through its comprehensive network of physical locations, e-commerce platforms, captive finance solutions and other synergistic adjacencies. The Company operates through two segments: Vehicle Operations and Financing Operations. Its Vehicle Operations consist of all aspects of its auto merchandising and service operations, including its retail automotive, recreational vehicles, and motorcycle franchises that sell new vehicles, used vehicles, parts, repair and maintenance services, and vehicle finance and insurance products. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles from its Vehicle Operations. The Company operates approximately 473 locations representing 52 brands across the United States, United Kingdom, and Canada.

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Lithia Motors Inc’s Stock Price as of Market Close

As of September 19, 2024, 4:00 PM, CST, Lithia Motors Inc’s stock price was $305.46.

Lithia Motors Inc is up 6.69% from its previous closing price of $286.30.

During the last market session, Lithia Motors Inc’s stock traded between $280.56 and $298.00. Currently, there are 27.20 million shares of Lithia Motors Inc stock available for purchase.

Lithia Motors Inc’s price-earnings (P/E) ratio is currently at 9.2, which is low compared to the Retailers - Auto Vehicles, Parts & Service industry median of 13. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Lithia Motors Inc Stock Price History

Lithia Motors Inc’s (LAD) price is currently up 1.45% so far this month.

During the month of September, Lithia Motors Inc’s stock price has reached a high of $305.63 and a low of $255.32.

Over the last year, Lithia Motors Inc has hit prices as high as $331.96 and as low as $231.36. Year to date, Lithia Motors Inc’s stock is up 49.19%.

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What Caused Lithia Motors Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 18, 2024, there were 2 analysts who downgraded Lithia Motors Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Lithia Motors Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Lithia Motors Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Lithia Motors Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Lithia Motors Inc (LAD) by visiting AAII Stock Evaluator.

Relative Price Strength of Lithia Motors Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 18, 2024, Lithia Motors Inc has a weighted four-quarter relative price strength of -2.57%, which translates to a Momentum Score of 51 and is considered to be Average.

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Lithia Motors Inc Stock Price: Bottom Line

As of September 19, 2024, Lithia Motors Inc’s stock price is $305.46, which is up 6.69% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Lithia Motors Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.